As many as 29 out of 562 US municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 per cent, some with an estimated exposure approaching 50 per cent. This assessment is based on research conducted
In TABB Group’s latest research, “Blockchain: Overcoming First Mover Disadvantage,” CEO and report author Larry Tabb discusses the various challenges in driving blockchain adoption and sets out a direction forward. Tabb believes that tability to decentralise trust, develop consensus-driven ledgers,
The Securities and Exchange Commission (SEC) proposed a new registration form in 2015 for alternative trading systems (ATS), Form ATS-N, which would make details for each platform’s broker-dealer affiliates and operations publicly available. The proposal would impose new transparency requirements
GBST Holdings Limited (GBST) has released the findings of its initial study into blockchain technologies for international capital markets participants. Tracking the ongoing benefits of digital disruption, the “Four scenarios for Blockchain in Capital Markets” discussion paper identifies the importance
The European equities markets have been held hostage to pending MiFID II regulation, but are quickly starting to transform, despite the absence of clarity on the impending mandate. The powerful combination of regulatory threat, economics and technical innovation is redefining
Managed Funds Association President and CEO Richard H Baker has released a statement after the Securities and Exchange Commission voted to issue for public comment a proposal for the creation of a consolidated audit trail designed to gather increased information
Nomura Research Institute (NRI) has begun the next phase of its I-STAR suite upgrades in preparation for the shortened settlement cycle of Japanese Government Bonds(JGB) to T+1 set by the Japan Securities Dealers Association (JSDA) Working Group scheduled for early
An economic slowdown in Asia was listed by 22 per cent of respondents of a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) as the biggest systemic risk to the broader economy – a dramatic change from
After decades of sustained growth, volume in the US options markets has plateaued even as volatility has surged. A number of issues are to blame for the decline, including waning investor interest, the exodus of proprietary bank trading activity, and
A new two-part report from capital markets consulting firm GreySpark Partners shows that financial firms on the buy and sell-side are failing to effectively use big data technology to their advantage. Examining how big data technology is being used by
